Which one is more risky? Skill-based gambling or trading? - page 19.

fachant

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Quote from: bitcircle on March 22, 2017, 03:16:22 AM

Quote from: ice18 on March 21, 2017, 04:15:32 AM

Skill based gambling looks more risky than any others, even you are skilled enough in gambling the risk is too high I will prefer trading skills as it has high chance of making profit rather than gambling, You're winnings on gambling sometimes depends on your luck even you're too skilled.

This is true when we have good knowledge about any particular game than we will place more high amount on risk as we will be more confident about this game. Both format of gambling are risky so we can say this gambling is any format is much risky.

First of all we can not say like that about everyone!
If someone is very good trader for him less risky will be trading. If someone is good poker player for sure he will win much more playing poker than when hw will trade.

For professionals in their field, it will ba always profitable.
For traders, also imprtant is what they trade! If that's are altcoins, it is very high risk market, so in my opinion profesional poker playing is less risky than trading altcoins.

acroman08

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I guess both have the same risk or how the person handles themselves in certain situations
they can use the risk to their advantage to make a profit or just avoid the risk if it's too high
for them. in the end, it's not about the skill gambling or trading it's about how well you can handle
yourself in certain situation and take advatage on that risk.

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Quote from: wuvdoll on March 21, 2017, 11:17:34 AM

Quote from: justdimin on March 21, 2017, 03:30:41 AM

Quote from: swogerino on March 20, 2017, 02:31:07 AM

Trading is more risky because you cannot know everything happening in the market. Skill gambling like poker you know everything before taking a decision and this is less risky. They are both risky and they are not recommended. Usually people who play skill gambling have less losses than the other ones.

But many people here are already sharing about their success with trading. Maybe for few gambling like poker and sports betting will remain profitable as the exception in gambling world, otherwise I guess you will not choose gambling over trading.

I agree sports betting is profitable as it is one of the skill-based gambling but last few times I predicted wrongly and faced the losses with my sports betting and I will say skill -based the gambling is too risky compared to trading.

Interestingly I'm not finding any difference between trading and skill based gambling. In my perspective these two are seeming as one thing due to the fact they are having equvalent amount of risk levels.

I am making money from both of them and hence I'm not finding any differences in risk levels. Both are risky when we are going for them without experience and knowledge.

There are very few possibility of skill based gambling like I am aware, only sports betting a skill-based a gambling and it is relatively profitable compared to trading.

Altcoin trading is pure gambling whereas skill-based a gambling is are completely consistent for profit making. I will never recommend altcoin trading to anyone as it is more risky at the same time even I am making profits with the skill-based the gambling I'm not recommending it to anyone due to the reason of they might get into vulnerable to addictions.

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Quote from: ice18 on March 21, 2017, 04:15:32 AM

Skill based gambling looks more risky than any others, even you are skilled enough in gambling the risk is too high I will prefer trading skills as it has high chance of making profit rather than gambling, You're winnings on gambling sometimes depends on your luck even you're too skilled.

This is true when we have good knowledge about any particular game than we will place more high amount on risk as we will be more confident about this game. Both format of gambling are risky so we can say this gambling is any format is much risky.

Bitinity

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Quote from: Gerlysheyn on March 21, 2017, 08:01:04 PM

Skill-based gambling or trading? Skill-based gambling is more risky than trading because it is your skills that functioning there. Its up to your skills weather you win or not. Some of the things needs skills it self because it is based upon your knowledge for it.

Both are the same imho, trading or skill based game needs skill/knowledge. You may get good profit if yoy have good skill on both type of activities. Without a doubt, both also needs luck so skills is only used to maximize your winning chances.

Gerlysheyn

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Skill-based gambling or trading? Skill-based gambling is more risky than trading because it is your skills that functioning there. Its up to your skills weather you win or not. Some of the things needs skills it self because it is based upon your knowledge for it.

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Quote from: ice18 on March 21, 2017, 04:15:32 AM

Skill based gambling looks more risky than any others, even you are skilled enough in gambling the risk is too high I will prefer trading skills as it has high chance of making profit rather than gambling, You're winnings on gambling sometimes depends on your luck even you're too skilled.

I think it is both risky because in a matter that you cannot know what is the the luck of your earnings. For example in skill based game, I think it is 50% luck and 50% skills or sometimes positivr thoughts. You didn't know when to win and what is the exact number in able to win just like gambling. And in trading if you didn't careful on people who are not true about trading you may fall into scam and all of your earnings or capital will lose. So I think both of it is very risky. So beware and be intelligent.

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Quote from: wuvdoll on March 21, 2017, 11:17:34 AM

Quote from: justdimin on March 21, 2017, 03:30:41 AM

Quote from: swogerino on March 20, 2017, 02:31:07 AM

Trading is more risky because you cannot know everything happening in the market. Skill gambling like poker you know everything before taking a decision and this is less risky. They are both risky and they are not recommended. Usually people who play skill gambling have less losses than the other ones.

But many people here are already sharing about their success with trading. Maybe for few gambling like poker and sports betting will remain profitable as the exception in gambling world, otherwise I guess you will not choose gambling over trading.

I agree sports betting is profitable as it is one of the skill-based gambling but last few times I predicted wrongly and faced the losses with my sports betting and I will say skill -based the gambling is too risky compared to trading.

Interestingly I'm not finding any difference between trading and skill based gambling. In my perspective these two are seeming as one thing due to the fact they are having equvalent amount of risk levels.

I am making money from both of them and hence I'm not finding any differences in risk levels. Both are risky when we are going for them without experience and knowledge.

I think it depends on exactly what variant of skill-based betting we're talking about. When it's poker for example it's quite a progression of skill, so when players play a lot of games and are very good they're unlikely to lose. When it's sports betting for example it's quite different because people have different valid opinions and this means that your predictions are not very likely to be accurate.

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Quote from: justdimin on March 21, 2017, 03:30:41 AM

Quote from: swogerino on March 20, 2017, 02:31:07 AM

Trading is more risky because you cannot know everything happening in the market. Skill gambling like poker you know everything before taking a decision and this is less risky. They are both risky and they are not recommended. Usually people who play skill gambling have less losses than the other ones.

But many people here are already sharing about their success with trading. Maybe for few gambling like poker and sports betting will remain profitable as the exception in gambling world, otherwise I guess you will not choose gambling over trading.

I agree sports betting is profitable as it is one of the skill-based gambling but last few times I predicted wrongly and faced the losses with my sports betting and I will say skill -based the gambling is too risky compared to trading.

Interestingly I'm not finding any difference between trading and skill based gambling. In my perspective these two are seeming as one thing due to the fact they are having equvalent amount of risk levels.

I am making money from both of them and hence I'm not finding any differences in risk levels. Both are risky when we are going for them without experience and knowledge.

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Quote from: Betwrong on March 21, 2017, 05:07:56 AM

Quote from: crwth on March 20, 2017, 07:08:15 PM

Quote from: szpalata on March 20, 2017, 06:39:42 PM

No matter how skillful you are when you gamble you need a great deal of luck too because you can lose everything at a go with a little mistake unlike trading which you can set stop loss and other parameters that will protect you from losing at a certain limit. Do in a nutshell I'd say trading is less risky.

It's almost always based on luck or some others say chance. The chance of probably losing everything or the chance of winning a large amount of money when you bet it. If you are skilled with the game, meaning really skilled, you might just have enough experience to know when to quit because you know what can happen next. It's not just enough that you are skilled, it's also about being experienced.

No experience will help you in case you have bad luck. You can lose all your money in couple of minutes before making any profit, any gambler knows that. Same with trading: you might think you know that an altcoin will definitely rise 100% and even more in the next hour and put all your money in it, planning to sell it right after the 100% rising, not to be greedy, not waiting for more rising, but what happens next is only falling and you lose.

No matter which way would you go the risk is always there but the level of each risk would really differ and as you said was right on playing gambling no matter how experienced you are if bad luck strikes you then you will definitely lose no matter what also on trading even how you good you analyze and if you dont know on when the right time to sell off or miss the chances then you will surely lose money too.

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Quote from: crwth on March 20, 2017, 07:08:15 PM

Quote from: szpalata on March 20, 2017, 06:39:42 PM

No matter how skillful you are when you gamble you need a great deal of luck too because you can lose everything at a go with a little mistake unlike trading which you can set stop loss and other parameters that will protect you from losing at a certain limit. Do in a nutshell I'd say trading is less risky.

It's almost always based on luck or some others say chance. The chance of probably losing everything or the chance of winning a large amount of money when you bet it. If you are skilled with the game, meaning really skilled, you might just have enough experience to know when to quit because you know what can happen next. It's not just enough that you are skilled, it's also about being experienced.

No experience will help you in case you have bad luck. You can lose all your money in couple of minutes before making any profit, any gambler knows that. Same with trading: you might think you know that an altcoin will definitely rise 100% and even more in the next hour and put all your money in it, planning to sell it right after the 100% rising, not to be greedy, not waiting for more rising, but what happens next is only falling and you lose.

ice18

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Skill based gambling looks more risky than any others, even you are skilled enough in gambling the risk is too high I will prefer trading skills as it has high chance of making profit rather than gambling, You're winnings on gambling sometimes depends on your luck even you're too skilled.

justdimin

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Quote from: swogerino on March 20, 2017, 02:31:07 AM

Trading is more risky because you cannot know everything happening in the market. Skill gambling like poker you know everything before taking a decision and this is less risky. They are both risky and they are not recommended. Usually people who play skill gambling have less losses than the other ones.

But many people here are already sharing about their success with trading. Maybe for few gambling like poker and sports betting will remain profitable as the exception in gambling world, otherwise I guess you will not choose gambling over trading.

I agree sports betting is profitable as it is one of the skill-based gambling but last few times I predicted wrongly and faced the losses with my sports betting and I will say skill -based the gambling is too risky compared to trading.

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Quote from: poplolnman on March 21, 2017, 01:51:47 AM

Quote from: sulendra12 on March 21, 2017, 01:08:08 AM

Quote from: zidanw on March 20, 2017, 11:16:53 PM

when there of manipulation in trading you still have funds but in gambling when there was manipulation your funds will be lost and nothing left so I think skill-based gambling more risky

Even it's called with "Skill" based games that isn't 100% relay with skill, about 50% is reserved for luck (Good Card and Turn or something like that). In gambling, if you were lose you'd lose all of your money but trading is not. However, we can't tell these are same because they are pretty different in terms of mechanism and market.

yeah it's actually depend on how good you are on , when you have no idea to trade properly then it's just same as when you gamble on pure luck games. and that's true even a skill based games in gambling there's still required luck , as gambling always about something uncertain , a skills or a strategy just a way to make it more possible to win , to make bigger chance to win not to make it guaranteed to win.

Me, when I lose in gambling I do not directly think that I am unlucky, I always consider reviewing my strategies and find our what is wrong. Actually, luck is requires but it is only a small factor or to be realistic it should not be considered at all as we do not have the hold on it, what we can rely to be with us in the long run is only our skills and we have to continue developing what we have.

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Quote from: ABCbits on October 27, 2016, 10:48:35 AM

I often see that people prefer skill-based gambling such as poker or sportsbook because they think it's more profitable than trading.
But, people say that sports can be manipulated by mafia/casino for their own good.

So, which one is more risky? Skill-based gambling or trading? I think both of them have same risks because both of them could be manipulated, unexpected things could happen and many more.

Personally, skill based gambling will still be a lot more risky.

The problem with skill based gambling is that it is still gambling, you are still usually gambling against a house which means that the house will have an advantage against you, you might encounter people who are really good if you are playing PVP and a ton of things.

Trading on the other hand especially if you are experienced, is quite safe.

I'd pick trading over gambling anyday.

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Quote from: sulendra12 on March 21, 2017, 01:08:08 AM

Quote from: zidanw on March 20, 2017, 11:16:53 PM

when there of manipulation in trading you still have funds but in gambling when there was manipulation your funds will be lost and nothing left so I think skill-based gambling more risky

Even it's called with "Skill" based games that isn't 100% relay with skill, about 50% is reserved for luck (Good Card and Turn or something like that). In gambling, if you were lose you'd lose all of your money but trading is not. However, we can't tell these are same because they are pretty different in terms of mechanism and market.

yeah it's actually depend on how good you are on , when you have no idea to trade properly then it's just same as when you gamble on pure luck games. and that's true even a skill based games in gambling there's still required luck , as gambling always about something uncertain , a skills or a strategy just a way to make it more possible to win , to make bigger chance to win not to make it guaranteed to win.

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Quote from: sulendra12 on March 21, 2017, 01:08:08 AM

Quote from: zidanw on March 20, 2017, 11:16:53 PM

when there of manipulation in trading you still have funds but in gambling when there was manipulation your funds will be lost and nothing left so I think skill-based gambling more risky

Even it's called with "Skill" based games that isn't 100% relay with skill, about 50% is reserved for luck (Good Card and Turn or something like that). In gambling, if you were lose you'd lose all of your money but trading is not. However, we can't tell these are same because they are pretty different in terms of mechanism and market.

At least a major portion relies on your skills, believing you have the skills will let you get what you want. Skilled based gambling is created to give us a chance to win, and since there is no house edge, we will always have a good chance to win in the long run, that if you will develop your skills and capitalize on it.

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Quote from: zidanw on March 20, 2017, 11:16:53 PM

when there of manipulation in trading you still have funds but in gambling when there was manipulation your funds will be lost and nothing left so I think skill-based gambling more risky

Even it's called with "Skill" based games that isn't 100% relay with skill, about 50% is reserved for luck (Good Card and Turn or something like that). In gambling, if you were lose you'd lose all of your money but trading is not. However, we can't tell these are same because they are pretty different in terms of mechanism and market.

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Quote from: Herbert2020 on March 21, 2017, 12:12:14 AM

Quote from: zidanw on March 20, 2017, 11:16:53 PM

when there of manipulation in trading you still have funds but in gambling when there was manipulation your funds will be lost and nothing left so I think skill-based gambling more risky

haha, good point and also on top of that if you find the manipulation in trading markets you can actually use it to your own advantage. for example when you find some FUD or the opposite when you find some pump and dump you can take the full advantage to either buy cheap coins in the first one or to join and dump in the second one to make a big profit.
but if you get manipulated in gambling (lets say in a poker game that is rigged and other party sees your cards) you can not do anything about it.

That would be our worst experience if we are manipulated in gambling, we are fighting in a losing battle. Actually because of that risk, I choose to play a game that cannot be manipulated especially when I'm playing with a bigger amount of money, sports betting cannot be manipulated as you can see them playing live. Dice and any other luck based games, is a provably fair game but since there is a house edge, I choose to play it for fun only.

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Quote from: zidanw on March 20, 2017, 11:16:53 PM

when there of manipulation in trading you still have funds but in gambling when there was manipulation your funds will be lost and nothing left so I think skill-based gambling more risky

haha, good point and also on top of that if you find the manipulation in trading markets you can actually use it to your own advantage. for example when you find some FUD or the opposite when you find some pump and dump you can take the full advantage to either buy cheap coins in the first one or to join and dump in the second one to make a big profit.
but if you get manipulated in gambling (lets say in a poker game that is rigged and other party sees your cards) you can not do anything about it.

Topic: Which one is more risky? Skill-based gambling or trading? - page 19. (Read 9570 times)